ECB’s Kazaks: Rate cuts not over, could fall to 2.5% by mid-2025

ECB Governing Council member Martins Kazaks indicated that after two rate cuts this year, “this is not the final destination.” Borrowing costs remain “pretty restrictive”, and “these rates will continue to go down,” he added. Kazaks noted that the speed of these rate cuts will largely depend on the path of services inflation and the […]

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